Montenegro GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Montenegro expanded 4.70 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Montenegro is reported by the Statistical Office of Montenegro. GDP Annual Growth Rate in Montenegro averaged 2.34 Percent from 2001 until 2013, reaching an all time high of 10.70 Percent in the fourth quarter of 2007 and a record low of -5.70 Percent in the fourth quarter of 2009. As Montenegro formally declared its independence in 2006, it is still in a state of economic transition. Tourism is the fastest growing sector of the economy (12.4 percent a year) and accounted for around 10 percent of GDP in 2011. Mining and manufacturing are also essential, with emphasis on the exports of refined metals. Montenegro does not have its own currency and uses Euro as legal tender. This page provides - Montenegro GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-18

Actual Previous Highest Lowest Forecast Dates Unit Frequency
4.70 4.00 10.70 -5.70 7.32 | 2014/06 2001 - 2013 Percent Quarterly

TO

Montenegro GDP Annual Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-03-28 11:30 AM Montenegro
GDP Growth Rate YoY
Q4 2012 -0.3% 0.2% (R)
2013-07-01 11:00 AM Montenegro
GDP Growth Rate YoY
Q1 2013 4.3% -0.3% -0.45%
2013-09-25 10:45 AM Montenegro
GDP Growth Rate YoY
Q2 2013 3.4% 1.1% (R) 5.99%
2013-12-27 10:30 AM Montenegro
GDP Growth Rate YoY
Q3 2013 4.0% 3.4% 4.49%
2014-06-27 10:00 AM Montenegro
GDP Growth Rate YoY
Q1 2014 6.41%
2014-09-25 10:00 AM Montenegro
GDP Growth Rate YoY
Q2 2014 7.32%
[+]

GDP Last Previous Highest Lowest Forecast Unit
GDP 4.23 2012-12-31 4.50 4.52 0.98 3.97 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 4.70 2013-12-31 4.00 10.70 -5.70 7.32 2014-06-30 Percent [+]
GDP per capita 4682.25 2012-12-31 4662.24 4688.97 3117.37 4783.52 2014-06-30 USD [+]
GDP per capita PPP 10710.70 2012-12-31 10664.92 10726.07 7131.02 10942.34 2014-06-30 USD [+]
GDP Constant Prices 3516.00 2014-06-30 3335.90 3516.00 1065.70 3616.40 2014-12-31 EUR Million [+]
[+]


GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Montenegro Inflation Rate MoM at 0.10 Percent  
The Consumer Price Index in Montenegro increased 0.10 percent in March of 2014 over the previous month. Inflation Rate Mom in Montenegro is reported by the Statistical Office of Montenegro.
Montenegro Inflation Rate at -0.90 Percent  
The inflation rate in Montenegro was recorded at -0.90 percent in March of 2014. Inflation Rate in Montenegro is reported by the Statistical Office of Montenegro.
Montenegro Current Account at -256593.09 EUR Thousand  
Montenegro recorded a Current Account deficit of 256593.09 EUR Thousand in the fourth quarter of 2013. Current Account in Montenegro is reported by the Central Bank of Montenegro.
Montenegro Exports at 22219.50 EUR Thousand  
Exports in Montenegro decreased to 22219.50 EUR Thousand in February of 2014 from 22563 EUR Thousand in January of 2014. Exports in Montenegro is reported by the Statistical Office of Montenegro.
Montenegro Imports at 112719.00 EUR Thousand  
Imports in Montenegro increased to 112719 EUR Thousand in February of 2014 from 83024 EUR Thousand in January of 2014. Imports in Montenegro is reported by the Central Bank of Montenegro.
Montenegro Unemployment Rate at 14.94 Percent  
Unemployment Rate in Montenegro remained unchanged at 14.94 percent in March of 2014 from 14.94 percent in February of 2014. Unemployment Rate in Montenegro is reported by the Statistical Office of Montenegro.
Montenegro Changes in Inventories at 30907.00 EUR THO  
Changes in Inventories in Montenegro increased to 30907 EUR THO in 2012 from -8091 EUR THO in 2011. Changes in Inventories in Montenegro is reported by the Statistical Office of Montenegro.
Montenegro Consumer Price Index (CPI) at 99.40 Index Points  
Consumer Price Index (CPI) in Montenegro decreased to 99.40 Index Points in February of 2014 from 99.60 Index Points in January of 2014. Consumer Price Index (CPI) in Montenegro is reported by the Statistical Office of Montenegro.
Montenegro Consumer Spending at 2631969.00 EUR THO  
Consumer Spending in Montenegro decreased to 2631969 EUR THO in 2012 from 2667366 EUR THO in 2011. Consumer Spending in Montenegro is reported by the Statistical Office of Montenegro.
Montenegro Employed Persons at 168805.00  
The number of employed persons in Montenegro increased to 168805 in February of 2014 from 167616 in January of 2014. Employed Persons in Montenegro is reported by the Statistical Office of Montenegro.
MORE RELATED NEWS

LATEST NEWS

Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News